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To: Think4Yourself who wrote (82290)	12/21/2000 9:11:14 AM
From: Tommaso	Respond to of 95453

I was briefly in El Paso Energy, the pipeline into CA, but got spooked by lawsuits. Unless CA lets the utilities collect what they need from the customers what we have is sovietization and look at Russia or Cuba to see what that means.

To: Think4Yourself who wrote (82290)	12/21/2000 9:22:58 AM
From: Second_Titan	Respond to of 95453

OT EIX & PGE The stupid money will continue riding into utilities as a safe haven. Does anyone think EIX and PGE are the only ones who cant recoup market costs through rate payers? Even if complete disaster is avoided, who would expect a deal that will do more than stave off complete disaster? Utilities are going to be stuck between regulators, energy traders and sky high NG prices. Who thinks the failure to properly hedge will be passed onto customers equitably? Who will pay for all of the T&D system upgrades to the utilities major remaining asset?

To: Think4Yourself who wrote (82290)	12/21/2000 1:03:10 PM
From: gamesmistress	Read Replies (2) \| Respond to of 95453

I agree with you about the CA utilities...I would not be surprised if California's economy collapsed in a heap of rubble....positions are getting more and more intransigent. First it's Not In My Back Yard, now it's Not My Problem....sheesh. Here's an article from a couple of "consumer advocates." ...Freed from government oversight, the 11 independent companies that generate power for California are manipulating the supply of electricity to create shortages. [Yes, natgas prices, lack of power plants and transmission lines had nothing to do with it.] ...To avert a human and economic disaster, the state must resume the responsibility for ensuring that our electricity is provided in a safe, reliable and affordable manner. First, the energy cartel must be busted: California and federal authorities should obtain search warrants and subpoenas to enter the power plants to determine the true cause of the shortages. [Maybe the Pikachus went on strike, fellas.] If necessary, the plants should be seized to protect public health and safety. [Then they can change the name to the People's Republic of California.] sfgate.com